The Rise of digital payments over cash
The world is rapidly changing and the payment system along with it, especially lately. More and more consumers opting for digital payment methods over traditional cash transactions. But is this true?
According to European Central Bank, cash remains the most widely used payment instrument in the eurozone, accounting for about two-thirds of all transactions by value, but digital payment method increased by 12.5%.
Cash remains the most widely used payment instrument in many countries, particularly in developing nations and some parts of Europe.
For example, in many African countries, cash is still widely used, while digital payment methods just gaining popularity.
- Sweden: cash has been declining rapidly in recent years, and many businesses and consumers have adopted digital payment methods instead. According to a 2019 report, only 1% of all transactions in Sweden were conducted with cash.
- United Kingdom: A 2020 report revealed that almost two-thirds of all payments in the country are made with cards, while only 21% are made in cash, because consumers increasingly choose the convenience and security of digital payment methods.
- Canada: A 2019 survey found that more than three-quarters of Canadians said they used cards for most of their purchases, while only 17% said they used cash.
- Australia: the use of cards is also widespread, and cash is used less frequently. A 2020 report found that cards were the preferred payment method for most consumers, accounting for nearly three-quarters of all transactions by value.
Here is a fact: Canada is the most card-using country in the world, and Afghanistan has the lowest value of cards payments (2011–2021 data)
Despite the rapid growth of digital payment methods, cash remains crucial in many areas worldwide. But, most likely, cash usage will decline in the near future.
The world is rapidly changing and the payment system along with it, especially lately. More and more consumers opting for digital payment methods over traditional cash transactions. But is this true?
According to European Central Bank, cash remains the most widely used payment instrument in the eurozone, accounting for about two-thirds of all transactions by value, but digital payment method increased by 12.5%.
Cash remains the most widely used payment instrument in many countries, particularly in developing nations and some parts of Europe.
For example, in many African countries, cash is still widely used, while digital payment methods just gaining popularity.
- Sweden: cash has been declining rapidly in recent years, and many businesses and consumers have adopted digital payment methods instead. According to a 2019 report, only 1% of all transactions in Sweden were conducted with cash.
- United Kingdom: A 2020 report revealed that almost two-thirds of all payments in the country are made with cards, while only 21% are made in cash, because consumers increasingly choose the convenience and security of digital payment methods.
- Canada: A 2019 survey found that more than three-quarters of Canadians said they used cards for most of their purchases, while only 17% said they used cash.
- Australia: the use of cards is also widespread, and cash is used less frequently. A 2020 report found that cards were the preferred payment method for most consumers, accounting for nearly three-quarters of all transactions by value.
Here is a fact: Canada is the most card-using country in the world, and Afghanistan has the lowest value of cards payments (2011–2021 data)
Despite the rapid growth of digital payment methods, cash remains crucial in many areas worldwide. But, most likely, cash usage will decline in the near future.
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Implemented a service fee for card issuing. The first 50 cards can be created for free (applies to all users within one business account). If you don’t have enough funds, the card will not be issued.
Prices depend on the card’s source:
Sea Visa Classic - 2 USD
JO Visa Classic USD/EUR - 3 USD
SG Visa Debit Platinum USD/EUR - 3 USD
US Mastercard Premium - 2 USD
- For every 5,000 USD spent with status Approved, you get 5 free cards to issue
Prices depend on the card’s source:
Sea Visa Classic - 2 USD
JO Visa Classic USD/EUR - 3 USD
SG Visa Debit Platinum USD/EUR - 3 USD
US Mastercard Premium - 2 USD
- For every 5,000 USD spent with status Approved, you get 5 free cards to issue
🚀 Release notes feb’14
1. In Card details payments’ statuses are now separated.
Expenses shows transactions in status “Approved” and Pending shows transactions in status “Pending”
2. In Virtual Cards section:
- Spent is renamed to Expenses and doesn’t include now pending transactions
- 100 cards are now displayed by default instead of 25
3. Withdrawal time is reduced to 24 hours instead of 48
4. If your card’s balance is negative, funds will be charged from your Bill Pay balance
1. In Card details payments’ statuses are now separated.
Expenses shows transactions in status “Approved” and Pending shows transactions in status “Pending”
2. In Virtual Cards section:
- Spent is renamed to Expenses and doesn’t include now pending transactions
- 100 cards are now displayed by default instead of 25
3. Withdrawal time is reduced to 24 hours instead of 48
4. If your card’s balance is negative, funds will be charged from your Bill Pay balance
💫 In this post, we have gathered information about the types of commissions in Combo Cards.
Main commissions:
— 3% for depositing funds in USDT, through partner networks or bank transfer; $2+3% for depositing funds via Combo Wallet.
— from $0 to $3 per card issuance, depending on the bank provider.
— from 0 to 0.5$ for a declined payment. Reducing the decline rate leads to a decrease in the commission.
Additional fees:
— The commission for currency conversions, different from the card's currency, ranges from 0% to 3%.
— From 0 to 0.3$ for successful transactions, depending on the bank provider.
— 1$/€ for withdrawing funds from balance cards.
First 20 cards are free!
Find out more about the commissions, the list of available cards, and ways to top up your balance on the pricing page.
Main commissions:
— 3% for depositing funds in USDT, through partner networks or bank transfer; $2+3% for depositing funds via Combo Wallet.
— from $0 to $3 per card issuance, depending on the bank provider.
— from 0 to 0.5$ for a declined payment. Reducing the decline rate leads to a decrease in the commission.
Additional fees:
— The commission for currency conversions, different from the card's currency, ranges from 0% to 3%.
— From 0 to 0.3$ for successful transactions, depending on the bank provider.
— 1$/€ for withdrawing funds from balance cards.
First 20 cards are free!
Find out more about the commissions, the list of available cards, and ways to top up your balance on the pricing page.
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With the development of technology, there are more and more useful services that could easily take of your part of a repetitive work. And then there's AI, which is blowing up the Internet right now with its useful features!
What’s in it for affiliate? AI is a game-changer for affiliate marketing, it's helping to optimize affiliate programs and increase their revenue, creating and managing chatbots, etc.
You can generate custom images and other marketing materials with minimal effort! AI can generate a vast range of designs and styles, and you won’t need an expensive graphic design software or personnel.
If you make a well-written description, the content will be relevant and personalized.
Here is some AI that’ll help you with that:
- Hotpot
- Midjourney
- DALL·E
- Stable Diffusion
- Jasper Art
Increase engaging and make more effective campaigns, delegate your work to the AI and get more part time!
P.s. Have you noticed that picture wasn’t made by a human?
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Are you ready to take your teamwork to the next level and maximize your efficiency?
Combo Cards have some amazing teamwork features to make your life easier!
So, what do you need to do to create your own team?
1) Create user accounts: just go to the menu and click on "Manage" ⇒ "Invite people."
2) Then specify the username, email and assign to a group / team. The creation of new groups / teams is also available there
3) But! To create users with Media Buyer or Team Lead roles, you gotta create a child group first and assign users to it.
4) The user will receive an email notification with a link to the service and authorization data
Note: Only users with the Business owner and Team Lead roles can invite new team members.
Now, let's talk roles. We've got the Business Owner, Finance Manager, Team Lead, and Media Buyer.
If you want to manage user accounts, you can do it easily by selecting "Manage" ⇒ "People." You can see all the registered users and their data, like their balance and status.
If you want to change a user's role, just go to "Manage," then "People," and then "Role."
And if you want to top up the balance of your team members, just go to their profile and click on "Details." Then, press the "Deposit" button, enter the amount, and voila!
So, what are you waiting for? Let's make teamwork great again!
Combo Cards have some amazing teamwork features to make your life easier!
So, what do you need to do to create your own team?
1) Create user accounts: just go to the menu and click on "Manage" ⇒ "Invite people."
2) Then specify the username, email and assign to a group / team. The creation of new groups / teams is also available there
3) But! To create users with Media Buyer or Team Lead roles, you gotta create a child group first and assign users to it.
4) The user will receive an email notification with a link to the service and authorization data
Note: Only users with the Business owner and Team Lead roles can invite new team members.
Now, let's talk roles. We've got the Business Owner, Finance Manager, Team Lead, and Media Buyer.
If you want to manage user accounts, you can do it easily by selecting "Manage" ⇒ "People." You can see all the registered users and their data, like their balance and status.
If you want to change a user's role, just go to "Manage," then "People," and then "Role."
And if you want to top up the balance of your team members, just go to their profile and click on "Details." Then, press the "Deposit" button, enter the amount, and voila!
So, what are you waiting for? Let's make teamwork great again!
- US Master Card Premium cards are available again for issuing
Listen up, fellow affiliate! It's like having a super-fast, super-smart robot writer at your fingertips. But before you go all "I, Robot" on your content creation, let's consider the pros and cons.
On the plus side, AI tools can save you time and effort, meaning you can produce a ton of content in no time. And with data analysis, the content can be customized to your audience's interests, potentially increasing your click-through rate and conversions. It's like having a virtual content butler, always at your beck and call!
However, let's not forget the potential drawbacks. For one, AI-generated content can lack the creativity and personality of human-written content. After all, robots haven't quite mastered the art of sarcasm or wit yet (we hope). Plus, the content might not build that important trust with your audience. People want to feel like they're talking to a real human being, not a robot overlord.
And let's not even get started on the ethical implications. There's a risk that the AI-generated content could be used to deceive or mislead your audience, and that's not cool. We don't want to be the snake oil salespeople of the digital age, do we?
So, in conclusion, AI tools for text generation can be a powerful addition to your affiliate marketing toolkit, but use them wisely. Make sure the content is high-quality and builds trust with your audience. And let's all cross our fingers that the robots don't overthrow us anytime soon.
A list of useful services to help you write texts you will find in the carousel 👆
P.s. Who do you think wrote this post?
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- Implemented new columns to .csv table uploaded from Transactions :
Card number
Card source
- Transactions' statuses can now be distinguished by colours
- Сards’ issuing limit is increased to 50 cards a day
Card number
Card source
- Transactions' statuses can now be distinguished by colours
- Сards’ issuing limit is increased to 50 cards a day
- JO Visa Classic cards’ issuing is temporarily disabled
As an affiliate marketer, you know better than anyone how important the e-commerce market is. After all, you make money by promoting products and driving sales through your affiliate links.
So, let's take a closer look at the e-commerce market data and see what's relevant for affiliate marketers:
‣ 9% of Millennials will go to Amazon first when online shopping
‣ Free delivery is the #1 reason for 90% of internet buyers to shop online. In fact, 58% of customers indicate they will abandon their shopping basket if they discover extra shipping expenses
‣ By 2040, 95% of all purchases will be through eCommerce
‣ 45% of online shoppers say that they are more likely to shop on a site that offers personalized recommendations and some studies shows that personal recommendations can increase sales by up to 15%
‣ Cart abandonment is highest on mobile - 78%, followed by tablets - 70%, and desktops/laptops - 67%.
Based on the data, the e-commerce industry's desire for affiliate marketing will continue to rise in the future years. By constantly evolving, affiliate marketers will need to adapt to these trends to remain competitive.
It’s time to take advantage of this booming industry, and get more from your marketing efforts. 🔥
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Press start and explain your problem. You'll receive an answer as soon as possible!